Malaysia’s corporate landscape saw a mix of fundraising activities, renewable energy expansion, IPO enthusiasm and balance sheet restructuring dominate headlines, reflecting continued investor appetite for growth and defensive sectors despite broader market caution. Tenaga Advances Renewable Energy Push KL: TENAGA strengthened its renewable energy ambitions after its subsidiary issued RM1.05 billion in Asean Green SRI Sukuk to finance a 500MW solar photovoltaic project in Kedah . The issuance highlights increasing institutional support for green financing and reinforces Tenaga’s long-term transition towards cleaner energy infrastructure. Investors may view the move positively as ESG-linked investments continue gaining traction across regional markets. Mr DIY Expands Funding Flexibility KL: MRDIY raised RM540 million via its maiden bond issuance , with proceeds earmarked for refinancing, working capital and expansion plans. The ...
KUALA LUMPUR (Sept 6): Malaysian stocks bucked regional trend to finish higher today, as bargain hunting helped the market to recover from yesterday's fall.
The FBM KLCI closed 0.16% or 2.85 points higher at 1,772.48. The market traded between an intra-day high of 1,772.62 and a low of 1,767.07 today.
Malacca Securities Sdn Bhd senior analyst Kenneth Leong said while the KLCI opened lower today, bargain-hunting activities in selected heavyweights pushed the benchmark index higher.
"It is also probably because of the stronger ringgit and higher crude oil prices that pushed the key index upward," he told theedgemarkets.com.
Leong said trading volume is at a healthy 2 billion range since yesterday, indicating fresh money coming into the market.
However, trading volume fell to 2.21 billion shares worth RM1.81 billion compared with yesterday's 2.53 billion shares worth RM2.18 billion. Market breadth was positive with 407 gainers compared with 377 losers.
According to Bloomberg, Asian shares finished lower today, to extend losses for a second day in a row, after North Korea's nuclear test on Sunday rattled global equity markets.
Japan's Nikkei 225 dropped 0.14%, South Korea's Kospi fell 0.29% while Hong Kong's Hang Seng was down 0.46%.
A top North Korean diplomat reportedly warned yesterday his country is ready to send "more gift packages" to the US as world powers struggled to find an effective response to Pyongyang's latest nuclear weapons test.
Source: The Edge
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